§ 26805 Retirement Benefit Calculation

Education Code·California

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Key Takeaways

•When you retire, you get money from two places: your account and your boss's account.
•The total money you get is just adding up what's in both accounts on the day you retire.
•This money is only for when you stop working for good, not if you quit or get fired.

Example

Imagine you work at a company for 30 years and then decide to retire.

The company has been putting money into your retirement account and their own account for you. When you retire, you get all the money from both accounts added together.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 26805 Retirement Benefit Calculation

The retirement benefit under this part is a benefit payable in the event of retirement that is an amount equal to the sum of the employee account and the employer account as of the retirement date. (Amended by Stats. 1998, Ch. 965, Sec. 276. Effective January 1, 1999.)

Last verified: January 23, 2026

Key Terms

retirement benefit employee account employer account

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 26805.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References